Wolfe Research Raises PT on Micron Technology (MU) Stock

Micron Technology, Inc. (NASDAQ:MU) is one of the Best Bargain Stocks to Buy in June. On June 11, Wolfe Research lifted its price objective on the company’s stock to $1,250 from $550 and maintained an “Outperform” rating. The firm lifted its memory model to demonstrate increases in DRAM pricing for CY 2026 and CY 2027, respectively. Also, it expects that bit shipment growth would be limited by cleanroom space at least through 2027.

Wolfe Research Raises PT on Micron Technology (MU) Stock

Wolfe Research increased Micron Technology, Inc. (NASDAQ:MU)’s estimates to imply a ~45% rise in pricing in fiscal Q3 and elevated pricing levels through 2026. Therefore, for 2027, the firm’s estimates for Micron Technology, Inc. (NASDAQ:MU) now stand at $226.5 billion for revenue and $135 for EPS. The demand is expected to surpass supply at least through 2027 and potentially into 2028, added the firm.

Furthermore, the long-term agreements continue to be entered into between suppliers and major customers for available supply over the upcoming several years.

Micron Technology, Inc. (NASDAQ:MU) provides memory and storage solutions sold into client, cloud server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and consumer markets, among others.

While we acknowledge the risk and potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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